Global wealth inequality: top 1% own 41%; top 10% own 86%; bottom half own just 1%

Michael Roberts Blog

Global wealth highest in history despite downturn

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Despite the financial crisis of 2008 and the difficulties in the Eurozone, global wealth has more than doubled since 2000, reaching over £150 trillion, according to the latest global wealth report from Credit Suisse.

Economic growth in developing countries and rising populations have played a significant part in the figures. Aggregate total wealth rocketed past the pre-crisis peak in 2010 and has been climbing higher ever since. Average wealth per adult has reached £32,167 after a rise of 4.9 per cent during the year to mid-2013.

Change in household wealth by region 2012-2013:

RegionTotal Wealth 2013 (USD billion)Percentage Change 2012-13
Africa2,7111.2
Asia-Pacific (including China and India)73,879-3.7
Europe76,2547.7
Latin America9,1393.6
North America78,89811.9
World240,8814.9

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